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[Jensonb]

It seems that amidst the chaos of USF1 leaving it to the last minute despite a headstart and Campos being to all intents and purposes bankrupt (Though salvageable), the team in the most trouble is NOT a newcomer, but the worst managed team on the grid - the existing team of Force India.

Force India is AGAIN late filing its accounts with Companies House. That's illegal. Very. If Force India does not file the Accounts within a little less than 3 months the company will be stricken from Companies House's records. What does that mean? It means Force India would cease to exist. Its assets would default to the Crown and its F1 Entry would default back to the FiA.

The Silverstone operation's got a history of filing its accounts late. The 2006 & 2007 accounts were filed a total of 28 Months late. When filed, the Auditor revealed that the business cannot maintain itself without a lifeline from its shadowy Orange India parent company. One has to wonder just why it is that everyone else on the grid operating in the UK (And the vast majority - more than 99% - of businesses operating in the UK generally)have little trouble filing this info on time, but Force India seems to think the rules don't apply to it.

What is in Force India's accounts that is so controversial they are risking the company's dissolution by delaying the filing and, if there's nothing worth hiding, why the delay? One would assume its because the files are not ready. Again...Why? This is an annual task, it's not like the process sneaked up on the team.

So then...Perhaps Stefan will be filling in for Force India and not one of the Cossie teams after all.

Source (More info is available here, the above is paraphrased)

[LifeW12]

[McLaren]

I must confess to only reading about half of it before breaking off to respond.

The company has a habit of producing there accounts late.They still have three months to hand them in .......................ehm nuff said ???.

[7UpJordan]

I wonder if EJ's still having wargames with Vijay over the driveway at all?

[Denthúl]

*facepalm*

Seriously. How difficult is it to do something so simple?

[Jensonb]

:bs:

No, it's true. It's been reported by the London Gazette, which is an official publication of the United Kingdom Government.

I must confess to only reading about half of it before breaking off to respond.

The company has a habit of producing there accounts late.They still have three months to hand them in .......................ehm nuff said ???.

Their accounts are already about 3 months late, having been late for two previous years. Handing your accounts in late is illegal. And almost nobody does it - Williams don't, Mercedes GP don't, McLaren sure as hell don't and Renault don't either. They have 3 months to hand them in because handing them in it that period will halt the wrap up process which Companies House started in January. If they don't do it by the time the 3 months notice expires (And its worth noting, even 6 months late is early for these guys based on recent performance on this front) the Company and the team are kaput.

Even if they do pull it off, it raises serious questions about the legitimacy of the senior figures like Mallya. What the hell are they doing over there? I repeat my sentiment from earlier: it's not like this sneaked up on them.

[NateDawg80126]

I have absolutely zero doubt that they will be on the grid, and will remain there for the entire season. STR is the most poorly managed team in F1, not Force India.

[Frosty]

It's true that the accounts are not up to date but i don't understand why. The team obviously has money i guess it's just the source that is the problem.

[EDIT] don't think it will be much of a problem pretty sure they will get them submitted.

[antoniob]

well the big boss has offered a response . http://en.espnf1.com/forceindia/motorsp ... /8223.html
I really hope that this issue is sorted and that they will be able to build on their (very) limited success last year when fisichella ran away winning the race before going to ferrari. That move really screwed up the rhythm at force india as well.

[Jabberwocky]

Its assets would default to the Crown

Queen GP

[Jensonb]

well the big boss has offered a response . http://en.espnf1.com/forceindia/motorsp ... /8223.html
I really hope that this issue is sorted and that they will be able to build on their (very) limited success last year when fisichella ran away winning the race before going to ferrari. That move really screwed up the rhythm at force india as well.

Yeah, the "big boss" is wrong. The team is absolutely in jeopardy. He doesn't seem to actually understand British law and Business Practices - especially since he talks about the annual returns and it's the accounts which are late ( http://en.wikipedia.org/wiki/Public_lim ... y_accounts ). Furthermore, a rep from Companies House - an arm of the UK Government - says the opposite of Mr. Mallya and, as noted above, it is not at all usual for them to be so consistently late filing their accounts.

I have absolutely zero doubt that they will be on the grid, and will remain there for the entire season. STR is the most poorly managed team in F1, not Force India.

No, STR is the worst team on the gird, full stop.

[antoniob]

has jensonb gone through a metamorphic change of some sort or am I just imagining it. ever since button at mclaren it seems like he a different person.

[Jensonb]

has jensonb gone through a metamorphic change of some sort or am I just imagining it. ever since button at mclaren it seems like he a different person.

It's your imagination

[antoniob]

has jensonb gone through a metamorphic change of some sort or am I just imagining it. ever since button at mclaren it seems like he a different person.

It's your imagination

oh ok.. cool like that. I thought that crazy defensive mclaren bug bit you as well.

[Jensonb]

has jensonb gone through a metamorphic change of some sort or am I just imagining it. ever since button at mclaren it seems like he a different person.

It's your imagination

oh ok.. cool like that. I thought that crazy defensive mclaren bug bit you as well.

No, I was born arguing and I've never stopped.